Spain is set to miss the transposition deadline of the 4th Anti-Money Laundering Directive (4th AMLD), although legal experts believe punishment from EU authorities is unlikely.
Denmark strengthens its AML laws; the UK pushes sanctions reforms but scraps fraud overhaul; the European Central Bank moves ahead with establishing a new settlement service for instant payments;...
EU law enforcers have commended the payments industry for its role in an operation that tracked down criminal networks suspected of being responsible for 20,000 fraudulent credit card transactions.
The Payment Systems Regulator (PSR) has published a consultation on proposed remedies that will remove barriers and create a competitive procurements process, following the publication of its...
Authorities are still at a stalemate over rules forcing Visa and Mastercard to separate their schemes and processing activities, after an underwhelming scrutiny session in the European Parliament.
On June 15, 2017 the Consumer Financial Protection Bureau (CFPB) announced a consultation on proposed amendments to its prepaid rule which would change requirements for resolving errors on...
New research has suggested that the revised Payment Services Directive (PSD2) will prove a catalyst for instant transfers overtaking cards as the dominant means of payment in the EU.
On June 14, 2017 the department for small and medium-sized enterprises (SMEs) of the Financial Services Commission of South Korea issued a release that the authority will enact an amendment to the...
The United States is diverging on Bitcoin regulation; the EBA outlines its fintech ambitions in its annual report; Europol carries out another raid on a card fraud gang; Singapore looks to...
U.S. regulators have proposed changes to incoming prepaid card laws, after industry backlash gave rise to fears the reforms could increase the risk of fraud and drive firms out of business.
A “second wave” of antitrust action against Mastercard and Visa is on its way, according to the legal team supporting new claims from betting firms, retail giants and high-street shops.
The Bank of Israel attempts to tighten security of the country's payment card market; Dodd-Frank Act reforms pass the U.S. House of Representatives; the FSB examines fintech, virtual currencies...
On June 2, 2017 the Estonian central bank, Eesti Pank, presented the results of a survey on the impact of the regulation on interchange fees for card payments, with the main finding that the costs...
China’s foreign exchange regulator is to tighten supervision of overseas transactions through Chinese credit and debit cards as part of its stepped up efforts to curb money laundering.
On May 25, 2017 Iowa Republican Senators Chuck Grassley and Dianne Feinstein introduced Bill S.1241 to improve the prohibitions on money laundering, and for other purposes. The proposed bill seeks...
The European Banking Authority (EBA) has published the European Commission’s suggested changes to regulatory technical standards on strong customer authentication under the revised Payment...

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